2024 401k Limits. Plan participants can contribute up to $23,000 for 2024, which is up from $22,500. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.
401 (k) pretax limit increases to $23,000. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for ira contribution deductibility.